Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Up 133.8% in July

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 682,409 shares, an increase of 133.8% from the July 15th total of 291,829 shares. Based on an average daily trading volume, of 3,246,603 shares, the short-interest ratio is currently 0.2 days. Currently, 19.7% of the shares of the company are sold short.

Defiance Daily Target 2X Short RGTI ETF Trading Down 2.5%

RGTZ traded down $0.07 during trading on Friday, reaching $2.71. 5,134,704 shares of the company’s stock were exchanged, compared to its average volume of 7,483,120. Defiance Daily Target 2X Short RGTI ETF has a 1 year low of $2.24 and a 1 year high of $37.48. The stock has a fifty day moving average of $4.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC bought a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Short RGTI ETF (NASDAQ: RGTZ) is an exchange-traded fund offered by Defiance ETFs that provides investors with leveraged, inverse exposure to the RGTI benchmark on a daily basis. As its name indicates, the fund is designed to deliver approximately -200% of the daily performance of the RGTI index before fees and expenses, giving traders and investors a way to profit from—or hedge against—daily declines in that reference benchmark.

To achieve its investment objective, RGTZ employs derivatives such as swaps, futures contracts and options, and may use other financial instruments to obtain the targeted short and leveraged exposure.